185 5 Avenue
Flatiron District, Manhattan
Parcel ID (BBL): 1008510001
Owner: Brodsky Organization
Acquired: November 09, 2023, $6.7 million
Debt: November 01, 2024, $200 million
Built: 1903
Renovated: 1990
SF: 183,449
Dwelling units: 0
No. of buildings: 1
Class: Tower Type (O4)
Floors: 21
Transactions:
• Brodsky Organization, GFP Real Estate and Sorgente Group borrowed $200 million from Tyko Capital for 175 Fifth Avenue, Flatiron District, Manhattan on November 01, 2024.
• Brodsky Organization, GFP Real Estate and Sorgente Group borrowed $30 million from Apple Bank for Savings for 171 5th Avenue, Flatiron District, Manhattan on December 01, 2023.
• Brodsky Organization, GFP Real Estate and Sorgente Group borrowed $30 million from Apple Bank for Savings for 175 Fifth Avenue, Flatiron District, Manhattan on November 09, 2023.
• GFP Real Estate, Nathan Silverstein, Gregg Schenker and Sorgente Group sold 175 Fifth Avenue, Flatiron District, Manhattan for $6.7 million to Brodsky Organization, GFP Real Estate and Sorgente Group on November 09, 2023.
• GFP Real Estate, Nathan Silverstein, Gregg Schenker and Sorgente Group sold 175 Fifth Avenue, Flatiron District, Manhattan for $40.2 million to Brodsky Organization, GFP Real Estate and Sorgente Group on November 09, 2023.
Development:
• Jon Adamski filed major alteration job M01011711 for 185,897 sqft 56 building with 0 apartments in Flatiron District, Manhattan, on March 20, 2024.
• Scott Beadle filed major alteration job 123907521 for 1 sqft B building with 0 apartments in Flatiron District, Manhattan, on March 09, 2021.
• Jon Adamski filed alteration job M01366812 for 202,343 sqft R-2 building with 38 apartments in Flatiron District, Manhattan, on March 12, 2026.
• Jon Adamski filed alteration job M01343129 for 1,500 sqft building with 0 apartments in Flatiron District, Manhattan, on January 09, 2026.
• John Mcbride filed alteration job M01324891 for 2,500 sqft building with 23 apartments in Flatiron District, Manhattan, on November 25, 2025.
• Steven Hirschberg filed alteration job M01246560 for building in Flatiron District, Manhattan, on July 02, 2025.
• Jon Adamski filed alteration job M01125995 for 528 sqft 56 building with 0 apartments in Flatiron District, Manhattan, on October 18, 2024.
Most recent Schedule of Occupancy
Litigation:
• Sorgente Group, GFP Real Estate and ABS Real Estate Partners filed a $19 million lawsuit 652192/2023 against Jacob Garlick and Abraham Trust on May 05, 2023,seeking a money judgment related to contractat 171 5 Avenue.
• Nathan R. Silverstein filed a $200 million lawsuit 657117/2021 against Newmark & Company and GFP Real Estate on December 22, 2021,seeking a money judgment related to managementat 171 5 Avenue.
• Jeffrey Gural, GFP Real Estate and Sorgente Group filed a $200 million lawsuit 654176/2021 against Nathan R. Silverstein on July 02, 2021,seeking a judgment related to partitionat 171 5 Avenue.
Condominium:
• Jon Adamski filed plans CD240377 on December 31, 2024 for 85-unit condominium called Flatiron Building at 175 Fifth Avenue.
Violations:
According to city public data, the properties have received $11,180 in ECB penalties and $14,860 in OATH penalties in the last year.